EURCHF: Double Bottom Emerges Near the Floor Level

Monday, 01/12/2014 | 03:47 GMT-0

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Euro (EUR) opened with a major gap and extended upside movement against the Swiss Franc (CHF) on Monday, increasing the price of EURCHF to more than 1.2030 following the Swiss Referendum on Sunday. The short term bias has turned slightly bullish due to a Higher Low on the four hour timeframe. A double bottom pattern has also emerged on the four-hour chart which eyes a rally above the 1.2100 handle.

Source: https://capitaltrustmarkets.com/eurchf-double-bottom-emerges-near-floor-level

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